All It Takes Is $6,000 Invested in ExxonMobil to Help Generate Over $200 in Passive Income Per Year
ExxonMobil(XOM) The Motley Fool·2024-11-16 08:00
ExxonMobil's focus on oil and gas production quality is paying off.The energy sector is chock-full of high-yield companies with inconsistent payouts or track records of slashing dividends during industrywide downturns. ExxonMobil (XOM -1.04%) is an exception.The largest U.S.-based oil and gas major by market cap just raised its dividend for the 42nd consecutive year to $0.99 per share per quarter. Investing $6,000 in Exxon stock should generate over $200 in passive income per year and likely more over time ...